Diocese Of Glasgow & Galloway Episcopal General Funds
Latest income
£2.1m
Latest spending
£855k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total funds increased to £8.973m, driven by investment gains, although unrestricted funds recorded a deficit of £139,059. The trustees consider the financial position sound and note that reserves held are adequate to cover day-to-day expenditure. Per the trustees' report, the Diocese maintains a minimum of six months' average annual expenditure in unrestricted reserves.
What the accounts disclose
Highest-paid employee band: £30,001 - £40,000
“The following Trustees were remunerated during the year: The Bishop £39,689 (2023: £45,517), Canon Missioner £43,823 (2023: £38,745), Diocesan Secretary £11,546 (2023: £10,115) and the Diocesan Treasurer £11,546 (2023: £10,115).” — page 24
Per FY2025 accounts as filed with OSCR.
Payments to trustees: The Bishop £39,689; Canon Missioner £43,823; Diocesan Secretary £11,546; Diocesan Treasurer £11,546.
“The following Trustees were remunerated during the year: The Bishop £39,689 (2023: £45,517), Canon Missioner £43,823 (2023: £38,745), Diocesan Secretary £11,546 (2023: £10,115) and the Diocesan Treasurer £11,546 (2023: £10,115).” — page 24
Per FY2025 accounts as filed with OSCR.
Related-party transaction: The Diocese pays quota to and receives grants from General Synod, as detailed in the accounts . The Diocese also receives quota from and pays grants to individual congregations.
“The nature of the Diocese requires that it has many financial transactions with the General Synod of the Scottish Episcopal Church and with Charges in the Diocese. As members of the Diocesan Council are connected with their respective local church congregations and certain members are also members of Boards and Committees of the General Synod, these bodies are related parties under FRS 102, and transactions with them are “related party transactions".” — page 34
Per FY2025 accounts as filed with OSCR.